Gems and jewellery stocks sparkle on India-US trade deal

New Delhi: Gems and jewellery stocks were in the limelight on Tuesday after India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent.

Shares of Goldiam International skyrocketed 20 per cent, Vaibhav Global zoomed 20 per cent, Kalyan Jewellers India jumped 7.61 per cent and Senco Gold edged higher by 7.41 per cent on the BSE.